NEW MEXICO REAL ESTATE CORE EXAM SET 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔Which of these is a factor in how many years of experience a New Mexico associate
broker must have before becoming a qualifying broker? - ✔✔Supervision or
management of other brokers
✔✔New Mexico landlords must give tenants _______ to rectify a breach of contract
before the landlord may pursue other actions or remedies. - ✔✔7 days
✔✔Which one of the following is NOT a breach of confidentiality in New Mexico ? -
✔✔A broker who contacts sellers who aren't working with another licensee and informs
them that he has a buyer who may be interested in their home.
✔✔Mary agreed to buy her mother's house when her mother planned to move to a
senior living community. They signed a purchase agreement, but when Mary had to
move because of work, she signed her rights in the contract over to her sister, Tina.
Mary may still owe money if Tina can't come up with the agreed-upon funds. What's
happening in this scenario? - ✔✔Assignment
✔✔In New Mexico, the NMREC allows up to _______ hours of NMREC-approved
training courses to be used for CE credit. - ✔✔10
✔✔To qualify for an associate broker's real estate license in New Mexico, an individual
must be at least _______ years old. - ✔✔18
✔✔A New Mexico qualifying broker wants to sell his own property. Which one of the
following statements is true in this situation? - ✔✔He must include a disclosure of his
license status in all advertisements.
✔✔New Mexico broker Xavier does not have a written brokerage agreement with buyer
Sunshine, who is interested in a property being sold by Xavier's client. Based on this,
which of the following duties does Xavier owe Sunshine? - ✔✔Complete Sunshine's
purchase offer and present it to Xavier in a timely fashion.
✔✔Which one of the following people would be exempt from New Mexico real estate
licensure requirements? - ✔✔An administrator of a trust
✔✔Which of the following is true about errors and omissions insurance? - ✔✔It covers
licensees sued by consumers for inadvertent mistakes.
✔✔Katy's in charge of all the real estate activities at a firm in New Mexico. What type of
license does she hold? - ✔✔Qualifying broker
, ✔✔Which would be the most appealing photograph for an MLS listing? - ✔✔The kitchen
✔✔What is owed to a client in an agency relationship, but not to a client in a transaction
brokerage? - ✔✔Aggressive support of one party's goals to the exclusion of the other
party's goal.
✔✔A New Mexico buyer gave his broker his earnest money check to deliver along with
his offer to the seller. The broker kept the check safe until she delivered it to the seller's
broker. Which duty did the broker perform? - ✔✔Promptly accounted for money and
property entrusted to the broker
✔✔What's the effective date of a New Mexico purchase agreement? - ✔✔When the
offeree signs the offer, and it's delivered to the offeror
✔✔Which one of the following entities determines the post-licensing and continuing
education requirements for New Mexico real estate licensees? - ✔✔New Mexico Real
Estate Commission
✔✔Jorge is seeking a New Mexico qualifying broker license. To obtain the license, he
must meet all of the following requirements EXCEPT for which of these? - ✔✔Pass the
associate broker qualifying licensing exam.
✔✔New Mexico property owner Jed performs property management services while
selling his own property, which makes up a subdivision with 150 parcels. Is Jed required
to hold a valid real estate license to do this? - ✔✔Yes, because a property manager
managing his own property while selling that property, if the property makes up a
subdivision containing at least 100 parcels, must be licensed.
✔✔Which of the following statements best describes a licensee's obligation to take the
Uniform Owner-Resident Relations Act course if that licensee wishes to offer property
management services in New Mexico? - ✔✔Both qualifying brokers and associate
brokers must complete this course before offering property management services and
during every subsequent three-year licensing cycle.
✔✔Sophia has been found guilty of a license law violation. Which of the following is a
TRUE statement about who is responsible for the costs of the proceeding? - ✔✔Sophia
is required to pay the costs of the proceedings.
✔✔Sally's a first-time homebuyer. She's a little nervous about finding a good real estate
licensee to help her—she's read about a lot of scams out there. Which of the following
provides protection for consumers like Sally? - ✔✔License laws
QUESTIONS AND SOLUTIONS RATED A+
✔✔Which of these is a factor in how many years of experience a New Mexico associate
broker must have before becoming a qualifying broker? - ✔✔Supervision or
management of other brokers
✔✔New Mexico landlords must give tenants _______ to rectify a breach of contract
before the landlord may pursue other actions or remedies. - ✔✔7 days
✔✔Which one of the following is NOT a breach of confidentiality in New Mexico ? -
✔✔A broker who contacts sellers who aren't working with another licensee and informs
them that he has a buyer who may be interested in their home.
✔✔Mary agreed to buy her mother's house when her mother planned to move to a
senior living community. They signed a purchase agreement, but when Mary had to
move because of work, she signed her rights in the contract over to her sister, Tina.
Mary may still owe money if Tina can't come up with the agreed-upon funds. What's
happening in this scenario? - ✔✔Assignment
✔✔In New Mexico, the NMREC allows up to _______ hours of NMREC-approved
training courses to be used for CE credit. - ✔✔10
✔✔To qualify for an associate broker's real estate license in New Mexico, an individual
must be at least _______ years old. - ✔✔18
✔✔A New Mexico qualifying broker wants to sell his own property. Which one of the
following statements is true in this situation? - ✔✔He must include a disclosure of his
license status in all advertisements.
✔✔New Mexico broker Xavier does not have a written brokerage agreement with buyer
Sunshine, who is interested in a property being sold by Xavier's client. Based on this,
which of the following duties does Xavier owe Sunshine? - ✔✔Complete Sunshine's
purchase offer and present it to Xavier in a timely fashion.
✔✔Which one of the following people would be exempt from New Mexico real estate
licensure requirements? - ✔✔An administrator of a trust
✔✔Which of the following is true about errors and omissions insurance? - ✔✔It covers
licensees sued by consumers for inadvertent mistakes.
✔✔Katy's in charge of all the real estate activities at a firm in New Mexico. What type of
license does she hold? - ✔✔Qualifying broker
, ✔✔Which would be the most appealing photograph for an MLS listing? - ✔✔The kitchen
✔✔What is owed to a client in an agency relationship, but not to a client in a transaction
brokerage? - ✔✔Aggressive support of one party's goals to the exclusion of the other
party's goal.
✔✔A New Mexico buyer gave his broker his earnest money check to deliver along with
his offer to the seller. The broker kept the check safe until she delivered it to the seller's
broker. Which duty did the broker perform? - ✔✔Promptly accounted for money and
property entrusted to the broker
✔✔What's the effective date of a New Mexico purchase agreement? - ✔✔When the
offeree signs the offer, and it's delivered to the offeror
✔✔Which one of the following entities determines the post-licensing and continuing
education requirements for New Mexico real estate licensees? - ✔✔New Mexico Real
Estate Commission
✔✔Jorge is seeking a New Mexico qualifying broker license. To obtain the license, he
must meet all of the following requirements EXCEPT for which of these? - ✔✔Pass the
associate broker qualifying licensing exam.
✔✔New Mexico property owner Jed performs property management services while
selling his own property, which makes up a subdivision with 150 parcels. Is Jed required
to hold a valid real estate license to do this? - ✔✔Yes, because a property manager
managing his own property while selling that property, if the property makes up a
subdivision containing at least 100 parcels, must be licensed.
✔✔Which of the following statements best describes a licensee's obligation to take the
Uniform Owner-Resident Relations Act course if that licensee wishes to offer property
management services in New Mexico? - ✔✔Both qualifying brokers and associate
brokers must complete this course before offering property management services and
during every subsequent three-year licensing cycle.
✔✔Sophia has been found guilty of a license law violation. Which of the following is a
TRUE statement about who is responsible for the costs of the proceeding? - ✔✔Sophia
is required to pay the costs of the proceedings.
✔✔Sally's a first-time homebuyer. She's a little nervous about finding a good real estate
licensee to help her—she's read about a lot of scams out there. Which of the following
provides protection for consumers like Sally? - ✔✔License laws
